Is Bitcoin's Second $70k Rejection A "Buy The Dip" Opportunity?

MarketPulse by OANDA Group517 FollowersFollow5ShareSavePlay(5min)CommentsSummaryBitcoin failed its second attempt at a $70,000 breakout.Institutional investors, including Michael Saylor and Anthony Pompliano, are continuing to "buy the dip" and increase their BTC holdings.The medium to long-term technical outlook is starkly divided, with forecasts suggesting a painful crash to $40,000–$50,000 or a significant recovery toward $150,000. Nastco/iStock Editorial via Getty Images By Zain Vawda Bitcoin (BTC-USD) finds itself at a crossroads, having recorded its second failed attempt at breaking above the $70,000 level. Having flirted with the $70,000 handle yesterday, Bitcoin has since retraced, trading near $67,800 as investors grapple withThis article was written byMarketPulse by OANDA Group517 FollowersFollowMarketPulse is an award-winning industry analysis and news site service created by OANDA Business Information & Services, Inc. Covering forex, commodities, global indices and more, our goal is to give timely, relevant and informative commentary on major macroeconomic trends, technical analysis and worldwide events impacting the industry.